Brookfield Asset Management Buying Majority Stake in Asset Manager Angel Oak

Dow Jones

2025/04/01

By Robb M. Stewart

Brookfield Asset Management is buying a majority ownership stake in asset manager Angel Oak, part of its efforts to partner with credit managers alongside its direct investment platform.

Angel Oak, an asset manager offering mortgage and consumer products, will join Brookfield's $317 billion credit business and the firm's origination and investment capabilities will complement Brookfield's overall credit offering, the New York-based asset manager said Tuesday.

The value of the transaction wasn't disclosed. Brookfield said Angel Oak will continue to operate its business independently and will retain its current leadership, with co-founders Sreeni Prabhu and Mike Fierman remaining co-Chief Executives.

Angel Oak, founded in 2008, is an alternative asset manager with more than $18 billion in assets under management, serving both institutional and individual investors. The firm provides access to U.S. non-agency residential mortgages through a platform that combines its leading wholesale mortgage originator, Angel Oak Mortgage Solutions, and an asset management business, Angel Oak Capital Advisors.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

April 01, 2025 08:44 ET (12:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Stewart \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/BN\">Brookfield</a> Asset Management is buying a majority ownership stake in asset manager Angel Oak, part of its efforts to partner with credit managers alongside its direct investment platform. \n</p>\n<p>\n  Angel Oak, an asset manager offering mortgage and consumer products, will join Brookfield's $317 billion credit business and the firm's origination and investment capabilities will complement Brookfield's overall credit offering, the New York-based asset manager said Tuesday. \n</p>\n<p>\n  The value of the transaction wasn't disclosed. Brookfield said Angel Oak will continue to operate its business independently and will retain its current leadership, with co-founders Sreeni Prabhu and Mike Fierman remaining co-Chief Executives. \n</p>\n<p>\n  Angel Oak, founded in 2008, is an alternative asset manager with more than $18 billion in assets under management, serving both institutional and individual investors. The firm provides access to U.S. non-agency residential mortgages through a platform that combines its leading wholesale mortgage originator, Angel Oak Mortgage Solutions, and an asset management business, Angel Oak Capital Advisors. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2025 08:44 ET (12:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票月供概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524911575","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524911575","pubTimestamp":1743511440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Brookfield Asset Management is buying a majority ownership stake in asset manager Angel Oak, part of its efforts to partner with credit managers alongside its direct investment platform.Angel Oak, an asset manager offering mortgage and consumer products, will join Brookfield's $317 billion credit business and the firm's origination and investment capabilities will complement Brookfield's overall credit offering, the New York-based asset manager said Tuesday.The value of the transaction wasn't disclosed. Brookfield said Angel Oak will continue to operate its business independently and will retain its current leadership, with co-founders Sreeni Prabhu and Mike Fierman remaining co-Chief Executives.Angel Oak, founded in 2008, is an alternative asset manager with more than $18 billion in assets under management, serving both institutional and individual investors. The firm provides access to U.S. non-agency residential mortgages through a platform that combines its leading wholesale mortga","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4135":"资产管理与托管银行","BN":"Brookfield","BK4588":"碎股"},"translate_title":"布鲁克菲尔德资产管理公司收购资产管理公司Angel Oak的多数股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN":0.9},"content_text":"By Robb M. Stewart \n\n\n \n\n\nBrookfield Asset Management is buying a majority ownership stake in asset manager Angel Oak, part of its efforts to partner with credit managers alongside its direct investment platform. \n\n\n  Angel Oak, an asset manager offering mortgage and consumer products, will join Brookfield's $317 billion credit business and the firm's origination and investment capabilities will complement Brookfield's overall credit offering, the New York-based asset manager said Tuesday. \n\n\n  The value of the transaction wasn't disclosed. Brookfield said Angel Oak will continue to operate its business independently and will retain its current leadership, with co-founders Sreeni Prabhu and Mike Fierman remaining co-Chief Executives. \n\n\n  Angel Oak, founded in 2008, is an alternative asset manager with more than $18 billion in assets under management, serving both institutional and individual investors. The firm provides access to U.S. non-agency residential mortgages through a platform that combines its leading wholesale mortgage originator, Angel Oak Mortgage Solutions, and an asset management business, Angel Oak Capital Advisors. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2025 08:44 ET (12:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}